Bloomberg News

Philippine Stocks: Century Properties, Philippine Telephone

February 22, 2012

Feb. 22 (Bloomberg) -- Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the close of trading in Manila.

The Philippine Stock Exchange Index rose 0.7 percent to 4,934.29.

Century Properties Group Inc. (CPG PM), a real-estate company, fell 5.8 percent to 1.64 pesos, the lowest close since July 13. Century Properties Inc., the company’s parent, sold 868.3 million shares in the builder to APG Strategic Real Estate Pool NV, a stock-exchange filing showed.

Philippine Long Distance Telephone Co. (TEL PM), the nation’s biggest phone company, advanced 1.1 percent to 2,846 pesos, the first gain in three days. The company expects to meet its core profit guidance of 39 billion pesos for 2011, a stock- exchange filing showed.

--Editor: Chan Tien Hin

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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